Jefferies ups PT on India's Adani Power, expects tariff, capacity growth

Adani Power

04/05/2026 06:55

** Brokerage Jefferies raises price target for India's Adani Power ADAN.NS to 255 rupees from 185 rupees after Q4 results

** New PT represents a 14.9% upside to the stock's last close

** ADAN up 3.1% to 228.50 rupees in morning trading on Monday

** Brokerage says it expects co's contracted thermal power tariffs to move higher

** Says, Adani Power's capacity is expected to rise from 18.2 GW in FY26 to at least 31 GW by 2030, with management targeting 42 GW by 2032

** The company's Q4 profit jumped 52.3% to 40.17 billion rupees helped by one-time tax gain

** Adani Power trades at a forward 12-month PE of 31.76, compared to industry median of 16.72

** YTD, stock up 57.8% vs a 7.3% decline in the Nifty 50 Index .NSEI

 (Reporting by Abhinav Parmar in Bengaluru)

 ((Abhinav.Parmar@thomsonreuters.com;))